Hands on Banking Experience 2020 Wells Fargo Bank

Profile and Budget Worksheet

Profile & Budget Worksheet Profession Monthly Take Home Pay – Station Option Cost Remaining Balance

Profile and Budget Worksheet – Con’t.

The Experience

Communication Select a mobile phone, cable and internet plan below. It is also acceptable to pick a bundle package (includes cable, internet and home phone) and a mobile phone plan. Mobile Phone Pre-Paid Cell Phone Plan Includes 200 minutes per month & 100 text per month Cost: $40 Add $20 for each person on the plan Cable Basic Channels Cost: $65 Basic Cell Phone Plan Included: Unlimited minutes, 100 text and 1 GB of data Cost: $65 Add $20 for each person on the plan Premium Cable Premium Chanels Cost: $85 Unlimited Cell Phone Plan Included: Unlimited minutes, unlimited texts, unlimited data Cost: $120 (covers all people on the plan) Basic Streaming Online streaming service Cost: $20 Internet Bundle Packages Basic Home Internet Cost: $65 Basic Bundle Included: basic cable, basic internet and home phone Cost: $95 High Speed Home Internet Cost: $85 Premium Bundle Included: High speed internet, premium cable channels and home phone Cost: $150

Clothing Pick your choice for clothing from the options below. Remember all of the prices shown per adult and per child. Be sure to make a choice for each member of your family. Yard Sale Per Adult: $30 Per Child: $15 Thrift Stores Per Adult: $40 Per Child: $20 Discount Stores Per Adult: $60 Per Child: $30 Department Stores Per Adult: $100 Per Child: $50 Designer Per Adult: $150 Per Child: $75

It’s Time for a Chance Card! § There is a hail storm in your area and your window breaks. § Pay $100 to have it fixed.

Housing Pick the housing option below that meets your family situation and need. Suburban Downtown Rural If you choose to live in a suburban area, you can choose public transportation, but you cannot choose walking / biking. If you choose to live downtown, you can choose public transportation or walking / biking as your transportation. If you choose to live in a rural area you must have a car. 1 Bedroom Apartment Rent: $1, 050 Renters Insurance: $15 Utilities: $135 Total Housing Expense: $1, 200 2 Bedroom Apartment Rent: $1, 235 Renters Insurance: $15 Utilities: $165 Total Housing Expense: $1, 400 2 Bedroom Apartment Rent: $1, 050 Renters Insurance: $15 Utilities: $135 Total Housing Expense: $1, 200 3 Bedroom Home Rent: $2, 620 Insurance: $80 Taxes: $300 Utilities: $200 Total Housing Expense: $3, 200 3 Bedroom Condo Rent: $1, 050 Renters Insurance: $15 Utilities: $135 Total Housing Expense: $1, 200 3 Bedroom Home Rent: $1, 050 Renters Insurance: $15 Utilities: $135 Total Housing Expense: $1, 200

Furniture Pick one of the options for furniture below. Thrift Store / Second Hand Furniture $75 Discount New Furniture $170 Rentan Furniture $300 Designer New Furniture $600 Borrowed / Donated Furniture $0

Bank Pick at least one of the savings accounts below and deposit a minimum of $10. Consider college savings if you have children. Savings $10 $25 $50 or more College Savings $10 Emergency Savings $10

It’s Time for a Chance Card! § You lock yourself out of your house. § Pay the locksmith $75 to unlock your door.

Eating Out Pick at least one of the options below Type 4 Times per Month 8 Times per Month 12 Times per Month $24 person $48 person $72 person Casual Dining $120 person $240 person $360 person Fine Dining $260 person $520 person $780 person Fast Food Add-Ons Cost Pizza $20 per pizza Coffee $5 per coffee Smoothie $6 per smoothie

Childcare If you have children under the age of 14, choose and option for childcare from the choices below. Prices vary by option. Type Age Cost Community After School Care 5 -13 Years Old $400 per child Private After School Care 5 -13 Years Old $600 per Child School Provided After School Care 5 -13 Years Old $250 per Child Toddler Full Time Day Care 3 -5 Years Old $800 per Child Infant Full Time Day Care 0 -2 Years Old $1, 000 per Child All Ages $2, 400 (family cost) Nanny / Au Pair

Entertainment Pick as many of the entertainment options below as you would like. Remember all costs are person in your family. Category Swimming Cost Person - $10 Recreation Center Membership Cost Person - $15 Museum Cost Person - $15 Bowling Cost Person - $20 Camping Cost Person - $20 Skating Cost Person - $20 Movies Cost Person - $20 Zoo Cost Person - $30 Amusement Park Cost Person - $45 Concert Cost Person - $50 Skiing Cost Person - $70 Family Vacation Cost Person - $120 Library Free Bike Ride Free Park / Hike Free

Insurance If you have children under the age of 14, choose and option for childcare from the choices below. Prices vary by option. Cost for 1 Person Cost for 2 People Cost for 3+ (Family Coverage Medical Insurance Only $100 $200 $350 Medical and Dental Insurance Bundle $150 $300 $400 Medical, Dental and Vision Insurance Bundle $200 $400 $700 Type

It’s Time for a Chance Card! Give one example of a need and a want. If you answer correctly, add $100 to your account.

Transportation Make a transportation selection. You can pick a new or used vehicle. If you have decided to live Downtown, you can use public transportation or walk / bike if it fits your family needs and budget. New Cars Category Used Cars New 4 Door Sedan (46 MPG) Car Payment: $370 Insurance: $120 / Gas: $100 Maintenance: $60 Total Auto Expense: $600 Car Payment: $200 Used 4 Door Sedan Insurance: $150 / Gas: $100 (46 MPG) Maintenance: $100 Total Auto Expense: $500 New Hybrid / Electric Car (58 MPG) Car Payment: $460 Insurance: $115 / Gas: $50 Maintenance: $75 Total Auto Expense: $700 Used Hybrid / Electric Car (58 MPG) Car Payment: $305 Insurance: $170 / Gas: $50 Maintenance: $75 Total Auto Expense: $600 Used Luxury Car (29 MPG) Car Payment: $300 Insurance: $175 / Gas: $185 Maintenance: $140 Total Auto Expense: $800 Car Payment: $580 New Luxury Car (29 Insurance: $150 / Gas: $170 MPG) Maintenance: $100 Total Auto Expense: $1, 000 Category New Minivan (22 MPG) Car Payment: $420 Insurance: $120 / Gas: $160 Maintenance: $100 Total Auto Expense: $800 Used Minivan (22 MPG) Car Payment: $255 Insurance: $150 / Gas: $170 Maintenance: $125 Total Auto Expense: $700 Public Transportation $200 Walking / Biking $0

Groceries Pick one of the grocery plans below. Cost for 1 Person Cost for 2 People Cost for 3 People Cost for 4+ People Regular Grocery Plan $330 $640 $740 $890 Organic Grocery Plan $400 $770 $890 $1, 070 Type

Charitable Contributions Donate a minimum of $10 to one or more of the charities listed below and / or select community service. Type Donation Amount Community Organization Donate $10 or More Youth Organization Donate $10 or More Religious Donation Donate $10 or More Community Service $0 5 hours or more time commitment Medical Research Charity Donate $10 or More Animal Shelter Donate $10 or More Homeless Shelter Donate $10 or More

It’s Time for a Chance Card! It is your birthday and you get a gift! Add $100 to your account.

Personal Care Pick one of the options for furniture below. Plan Information Low Cost Personal Care Plan Included: brush, toothpaste, shampoo and cleaning supplies. Cost for Individuals: $30 Cost for Families: $60 Moderate Cost Personal Care Plan Included: brush, toothpaste, shampoo, cleaning supplies, nail polish and vitamins. Cost for Individuals: $50 Cost for Families: $100 High Cost Personal Care Plan Included: brush, toothpaste, shampoo, cleaning supplies, nail polish, vitamins, cologne or perfume. Cost for Individuals: $75 Cost for Families: $125 Optional Personal Care Add-Ons § § § Salon Visit: $50 Professional Haircut: $20 Manicure / Pedicure: $50 Dry Cleaning: $40 Home Cleaning Service: $90

Review

Debrief

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